EASTERN REGIONAL CONFERENCE OF PAINTERS AND ALLIED TRADES (EIN 232907160) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1941

Legal Domicile

Principal Officer

JASON WERTHMAN

Phone

8606130200

Tax Period

2023-01-01 to 2023-12-31

EASTERN REGIONAL CONFERENCE OF PAINTERS AND ALLIED TRADES, founded in 1941, is a small nonprofit that reported $137K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $129K, a strong 94% operating margin.

Mission

IMPROVE WORKING AND LIVING STANDARDS OF THE MEMBERS OF THE DISTRICT COUNCILS AND LOCAL UNIONS AFFILIATED WITH THE PAINTERS AND ALLIED TRADES UNION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $135,895

Investment Income $1,329

Other Revenue $0

TOTAL REVENUE $137,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,548

TOTAL EXPENSES $8,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,224	$249,509	-0.5%
Expenses	$8,548	$321,740	-1.0%
Net Income	$128,676	$-72,231	-2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH AZZOPARDI	VICE PRESIDENT	2.00	Director	$0	$0	$0
JEFFREY SULLIVAN	VICE PRESIDENT	2.00	Director	$0	$0	$0
VINCENT LANE	VICE PRESIDENT (P)	2.00	Director	$0	$0	$0
WALLY ILCZYSN	VICE PRESIDENT (P)	2.00	Director	$0	$0	$0
JOSEPH ASHDALE	VICE PRESIDENT (P)	2.00	Director	$0	$0	$0
JASON WERTHMAN	SECRETARY/TREAS	2.00	Director	$0	$0	$0
BRIAN STANLEY	VICE PRESIDENT	2.00	Director	$0	$0	$0
LARRY PEACOCK	VICE PRESIDENT	2.00	Director	$0	$0	$0
CHRISTIAN BRENNAN	VICE PRESIDENT	2.00	Director	$0	$0	$0
PAUL CANNING	PRESIDENT	2.00	Director	$0	$0	$0
MICHAEL HOGAN	VICE PRESIDENT	2.00	Director	$0	$0	$0
CHRIS GERONIMOS	VICE PRESIDENT	2.00	Director	$0	$0	$0
BRIAN COURTIEN	VICE PRESIDENT	2.00	Director	$0	$0	$0
FRANCIS MCLAUGHLIN	VICE PRESIDENT	2.00	Director	$0	$0	$0
RICHARD JONES	VICE PRESIDENT	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$137,224	$8,548	$300,085	$128,676
2022	$249,509	$321,740	$171,409	$-72,231

EASTERN REGIONAL CONFERENCE OF PAINTERS AND ALLIED TRADES